Royal Bank Of Canada Forecasts Strong Price Appreciation for Frasers Group (LON:FRAS) Stock

Frasers Group (LON:FRAS) had its target price upped by investment analysts at Royal Bank Of Canada from GBX 720 to GBX 750 in a report issued on Tuesday,London Stock Exchange reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 5.04% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Shore Capital Group reiterated a “hold” rating on shares of Frasers Group in a report on Tuesday. Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 price objective on shares of Frasers Group in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Frasers Group currently has a consensus rating of “Hold” and an average target price of GBX 925.

Frasers Group Stock Down 5.2%

Frasers Group stock traded down GBX 39 during midday trading on Tuesday, reaching GBX 714. The stock had a trading volume of 356,173 shares, compared to its average volume of 1,323,886. The company has a current ratio of 2.08, a quick ratio of 0.64 and a debt-to-equity ratio of 98.60. Frasers Group has a 12 month low of GBX 598 and a 12 month high of GBX 819.50. The company has a fifty day moving average price of GBX 700.67 and a two-hundred day moving average price of GBX 690.48. The company has a market capitalization of £3.07 billion, a P/E ratio of 6.61, a PEG ratio of 0.30 and a beta of 1.22.

Key Stories Impacting Frasers Group

Here are the key news stories impacting Frasers Group this week:

• Positive Sentiment: Frasers Group announced a cash takeover bid for Australian footwear retailer Accent Group, a move that could expand its international presence and strengthen its sportswear/footwear retail portfolio. Frasers Group launches £166m takeover bid for Australian footwear chain Accent
• Positive Sentiment: The company’s bid for Accent Group signals continued M&A ambition under Mike Ashley, which may be viewed as a growth strategy if the deal can be executed at attractive terms. ‘Take no action’: Accent Group advises shareholders after Frasers bid
• Neutral Sentiment: Shore Capital reaffirmed its “hold” rating on Frasers Group, suggesting the broker sees limited near-term upside despite the takeover news. Broker Views
• Negative Sentiment: Some coverage highlighted “significant concerns” around the Accent deal, implying investors may be worried about execution risk, funding, or whether the acquisition will create value. Frasers plots takeover of Accent Group amid ‘significant concerns’

About Frasers Group

Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, accessories, and apparel through department stores, shops, and online in the United Kingdom, Europe, the United States, Asia, Oceania, and internationally. The company operates through four segments: UK Sports Retail, Premium Lifestyle, International Retail, and Wholesale & Licensing. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.